CSR Activities ~Corporate Governance~
Basic Ideas and Measures
Our corporate governance is based on the establishment of an optimum management system best suited to improving our corporate value. We therefore carried out the following measures:
1. Adopted the "Company with Committees" system
To establish a management system suitable for promptly and fairly solving various managerial problems that we face presently or will face in the future, we adopted the “Company with Committees” system in June, 2003.
2. Description and Structure of Internal Organizations
The board of directors meetings are usually held every month, as required by law, at which decisions are made regarding managerial policy, important management strategy, and business plans. A supervision system for the selection of executive officers and business operation has been adopted.
Three committees, consisting of nominating, audit, and compensation, have been set up within the board of directors. The audit committee usually meets every month and executes the managerial audit function. The nominating and compensation committees meet as needed, and make decisions regarding the nominating and compensation of executive officers.
The business operations are performed by the executive officers selected by the board of directors, and the executive officer committee set up as the consensual decision-making organization usually meets every month.
3. Compliance Structure
For the compliance structure, a “legal department compliance group” was set up to carry out various activities as needed, such as information collection, planning and promotion of law compliance, and education of employees for law compliance.
In addition an “Internal Reporting System” was set up for our group employees to report on internal illegal or inadequate behavior to the internal contact point or to external legal counsel.
In our group, we strictly control personal information and have fortified the system so as to strictly comply with our business-related laws and regulations, such as those concerning money lending.
4. Strengthening Risk Management Structure
To implement preventive measures against various risks and minimize human, material and economic damage and economic damage, should they occur, some “Basic Policies for Risk Management” were instituted.
A “risk management group” was set up under the legal department to strengthen the risk management structure.